Benefits of quality, Project Management

Benefits of quality

The benefits of quality in project performance are:

  • Customer satisfaction: is the result of a quality product or project. If customers requirements or expectations are meet, the customer not only accepts the results without any ill feeling, but will return back for additional work, when need arises. They may refer new customers. .
  • Cost reduction: Another benefit is reduction in costs. Quality processes can reduce wastes, improve efficiency and supplies which results in the project costing less than planned. As costs decrease, profits increase.
  • Increased competitiveness: Quality products and services, better project performance and reduced cost directly results in increased competitiveness in the global market-place.
  • Fulfillment of social and economic responsibilities: Competitiveness increases profit effecting global economy and gives an opportunity to employ more people a social responsibility.
  • More number of jobs: W. Edwards Deming rightly stated "Improve quality, reduce costs, improve productivity, capture the market, stay in business, provide more jobs" .
Posted Date: 9/28/2012 6:46:07 AM | Location : United States







Related Discussions:- Benefits of quality, Assignment Help, Ask Question on Benefits of quality, Get Answer, Expert's Help, Benefits of quality Discussions

Write discussion on Benefits of quality
Your posts are moderated
Related Questions
What do you mean by the terms tangible and intangible while applied to costs and benefits? Tangible costs or benefits are those for that a plausible quantitative value can be

Steps involved for International/Global Competitive Bidding (ICB)      Now that we are aware of the requirements of ICB, let us understand the steps involved in ICB. There can b

FLF is a courier company based in Z Country which presents direct document and parcel express delivery services for commercial customers. It prides itself not only on its reliabili

Problem 1: Describe the importance of Employee Relations Management in an organisation. Describe employee relations management Importance of employee relations managem

What types of problems solved by Break even Analysis Helps? Break even Analysis helps to solving the given types of problems as given below: 1. What volume of sales will be

Question 1: (a) There are clear messages given to managers as far as how should rewards be. Elaborate on these messages. (b) Illustrating your answer with relevant examples,

Organization design Organization design refers to the overall configuration of positions and interrelationships among positions within the organization. Design therefore mainly

Question 1: Using the "Matrix" system of authority and responsibilities, describe the various organisational systems which may be applied to the management of projects. Disc

Organisational Structures The project organisational structure facilitates coordination and implementation of project activities. It should be designed to include the essential

what risks can you identify? why are they risk to global green books publishing?